Hubert, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Hubert Neighborhoods Since 2000




Hubert, NC Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hubert Housing Market Information

With 14,064 people, 3,048 houses or apartments, and a median cost of homes of $136,891, house prices in Hubert are solidly below the national average.

Single-family detached homes are the single most common housing type in Hubert, accounting for 65.86% of the town's housing units. Other types of housing that are prevalent in Hubert include mobile homes or trailers ( 25.61%), row houses and other attached homes ( 4.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.41%).

The most prevalent building size and type in Hubert are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.73% owning and 35.27% renting.

There is a lot of housing in Hubert built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Hubert built between 2000 and later ( 32.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.57%). There's also some housing in Hubert built before 1939 ( 3.08%).

Vacant housing appears to be an issue in Hubert. Fully 15.47% of the housing stock is classified as vacant. Left unchecked, vacant Hubert homes and apartments can be a drag on the real estate market, holding Hubert real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Hubert Home Appreciation Rates

Hubert's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hubert during the period has been just -1.77%, which is lower than 80% of US communities.

Over the last year, Hubert appreciation rates have trailed the rest of the nation. In the last twelve months, Hubert's appreciation rate has been -2.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Hubert were at 2.17%, which equates to an annual appreciation rate of 8.97%.

Importantly, this makes Hubert one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to North Carolina, our data show that Hubert's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$136,891

Hubert, NC HOME PRICES

Value Range
> $922,000 1.0
$692,001 - $922,000 0.8
$461,001 - $692,000 2.1
$369,001 - $461,000 1.6
$276,001 - $369,000 2.3
$184,001 - $276,000 9.2
$92,001 - $184,000 66.6
$46,001 - $92,000 9.0
$0 - $46,000 7.3

Average for NC
Average for Nation

Value Relative to Nation Value Relative to State
56.2814953709129 50.6352087114338

Number Of Homes And Apartments:
3,048

Hubert Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
39.01% 1.93% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,304 / per month

Homeownership Rate

Homeownership
Owners 64.73
Renters 35.27
Vacant 15.47

Housing Market Details

 

Age of Homes

AGE OF Hubert HOMES
2000 or Newer 32.6
1970 - 1999 57.8
1940 - 1969 6.6
1939 or Older 3.1

Types of Homes

TYPE OF Hubert HOMES
Single-Family 65.9
Townhomes 4.1
Small Apt. Buildings 3.4
Apt. Complexes 0.0
Mobile Homes 25.6
Other 1.0

Home Size

SIZE OF Hubert HOMES
No Bedroom 0.75
1 Bedroom 1.17
2 Bedrooms 18.04
3 Bedrooms 65.30
4 Bedrooms 13.66
5 or more bedrooms 1.07